Business, 20.02.2020 00:47 dangrueneberg9124

In order to provide capital for new hotel construction in other locations, Wilton Hotel Corporation has decided to sell its hotel in Pierre, South Dakota. Wilton auctions the hotel and its contents on October 1, 2019, with the following results:

Land $599,200
Building 300,000
Furniture 120,000
Wilton's accounting records reveal the following information about the assets sold:

Asset Acquisition Cost Accumulated Depreciation
Land $14,200
Building 350,000 $295,000
Furniture 298,000 133,000
Required:

Prepare a separate journal entry to record the disposition of each of these assets. Make the journal entries for the disposition of the assets in the order that they appear in the table above. If an amount box does not require an entry, leave it blank.

2019 Oct. 1
(Record disposal of land)
2019 Oct. 1
(Record disposal of building)
2019 Oct. 1
(Record disposal of furniture and fixtures)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 08:10

Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?

Answers: 3

Answer

Business, 22.06.2019 17:50

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?

Answers: 2

Answer

Business, 22.06.2019 20:30

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear

Answers: 3

Answer

Business, 23.06.2019 01:00

As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.

Answers: 2

Answer

You know the right answer?

In order to provide capital for new hotel construction in other locations, Wilton Hotel Corporation...

Questions